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BAADER finalizes acquisition of majority stake in Skaginn 3X
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BAADER’s acquisition of a majority share in Skaginn 3X has closed, the seafood and processing equipment manufacturer announced on 24 February.
Lübeck, Germany-based BAADER and Akranes, Iceland-headquartered Skaginn 3X first announced the acquisition on 29 October, 2020. In a press release, the companies said they are committed to their site locations and did not intend to carry out any workforce reductions as existing capacities will continue to be needed to support future growth.
The move is intended to extend “the scope of superior solutions over the entire processing line, bringing the long-standing engineering practices of BAADER together with the innovative cooling, freezing, and processing expertise of Skaginn 3X,” the companies said.